Advisors Asset Management Inc. acquired a new stake in Care Capital Properties Inc. (NYSE:CCP) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 3,898 shares of the company’s stock, valued at approximately $102,000.
Several other hedge funds and other institutional investors also recently bought and sold shares of CCP. LS Investment Advisors LLC increased its position in Care Capital Properties by 73.6% in the second quarter. LS Investment Advisors LLC now owns 5,059 shares of the company’s stock valued at $133,000 after buying an additional 2,145 shares during the last quarter. Commonwealth Equity Services Inc bought a new position in Care Capital Properties during the second quarter valued at about $216,000. IBM Retirement Fund increased its position in Care Capital Properties by 1.9% in the second quarter. IBM Retirement Fund now owns 8,469 shares of the company’s stock valued at $222,000 after buying an additional 160 shares during the last quarter. Wedbush Securities Inc. bought a new position in Care Capital Properties during the second quarter valued at about $240,000. Finally, Acadian Asset Management LLC increased its position in Care Capital Properties by 4,872.4% in the second quarter. Acadian Asset Management LLC now owns 9,746 shares of the company’s stock valued at $256,000 after buying an additional 9,550 shares during the last quarter. Institutional investors own 89.66% of the company’s stock.
Shares of Care Capital Properties Inc. (NYSE:CCP) traded up 1.02% during mid-day trading on Monday, hitting $26.76. 52,706 shares of the stock traded hands. The firm has a market capitalization of $2.25 billion, a P/E ratio of 16.62 and a beta of 0.43. The company’s 50 day moving average is $29.03 and its 200 day moving average is $27.47. Care Capital Properties Inc. has a one year low of $23.65 and a one year high of $34.55.
Care Capital Properties (NYSE:CCP) last announced its quarterly earnings results on Thursday, August 11th. The company reported $0.79 EPS for the quarter, beating analysts’ consensus estimates of $0.76 by $0.03. The firm earned $85.66 million during the quarter, compared to analysts’ expectations of $79.72 million. Care Capital Properties had a net margin of 39.69% and a return on equity of 11.18%. During the same quarter last year, the company posted $0.87 earnings per share. On average, equities analysts expect that Care Capital Properties Inc. will post $2.99 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Friday, September 30th. Shareholders of record on Friday, September 16th were paid a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a yield of 8.61%. The ex-dividend date of this dividend was Wednesday, September 14th. Care Capital Properties’s dividend payout ratio is currently 141.61%.
Several research analysts have recently issued reports on the stock. Mizuho restated a “neutral” rating and set a $27.00 price objective on shares of Care Capital Properties in a report on Tuesday, July 12th. Zacks Investment Research upgraded shares of Care Capital Properties from a “hold” rating to a “buy” rating and set a $33.00 price objective on the stock in a report on Tuesday, September 13th. Finally, Stephens initiated coverage on shares of Care Capital Properties in a report on Wednesday, September 14th. They set an “overweight” rating and a $33.00 price objective on the stock.
Care Capital Properties Company Profile
Care Capital Properties, Inc is a self-administered, self-managed real estate investment trust (REIT) with a diversified portfolio of skilled nursing facilities (SNFs) and other healthcare assets operated by private regional and local care providers. It leases its properties to unaffiliated tenants under long-term triple-net leases, pursuant to which the tenants are obligated to pay all property-related expenses, including maintenance, taxes, insurance and capital expenditures.
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